Town of Port HedlandEconomic profile
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Town of Port Hedland

Rental listings

At June 2018, the Town of Port Hedland had a median house rental of $398, $48 higher than the median house rental for Western Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Automated Valuation System

Rental listings
Town of Port Hedland20182014Change
Housing value (at June)Town of Port HedlandWestern AustraliaTown of Port Hedland relative to Western AustraliaTown of Port HedlandWestern AustraliaTown of Port Hedland relative to Western Australia2014 to 2018
House--------------
First Quartile$300$300+0.0%$750$350+114.3%-$450
Median$398$350+13.7%$1,250$420+197.6%-$852
Third Quartile$550$430+27.9%$1,800$510+252.9%-$1,250
Median Rental Yield9.0%4.4%--10.1%4.5%----
Unit--------------
First Quartile$273$260+5.0%$540$320+68.8%-$267
Median$310$320-3.1%$800$400+100.0%-$490
Third Quartile$400$395+1.3%$1,350$500+170.0%-$950
Median Rental Yield11.0%4.8%--11.7%4.9%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Western Australia: $395 Median, Western Australia: $320 First Quartile, Western Australia: $260 Third Quartile, Western Australia: $430 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, Town of Port Hedland: $400 Median, Town of Port Hedland: $310 First Quartile, Town of Port Hedland: $273 Third Quartile, Town of Port Hedland: $550 Median, Town of Port Hedland: $398 First Quartile, Town of Port Hedland: $300
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Western Australia: $-105 Median, Western Australia: $-80 First Quartile, Western Australia: $-60 Third Quartile, Western Australia: $-80 Median, Western Australia: $-70 First Quartile, Western Australia: $-50 Third Quartile, Town of Port Hedland: $-950 Median, Town of Port Hedland: $-490 First Quartile, Town of Port Hedland: $-267 Third Quartile, Town of Port Hedland: $-1,250 Median, Town of Port Hedland: $-852 First Quartile, Town of Port Hedland: $-450
Source: Hometrack 2014-2018, Automated Valuation System

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